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    Intelligence Feed event · Policy · 2026-10-29

    Fed holds rates at 3.75% to 4.00% in 10-2 vote

    Question

    Fed holds rates at 3.75% to 4.00% in 10-2 vote

    Direct answer

    A held policy rate keeps front-end SOFR pricing anchored and leaves the 2Y Treasury yield sensitive to any shift in next-meeting cut or hike odds.

    Original publisher
    Market Ontology
    Evidence through
    2026-10-29
    Published
    2026-10-29
    Revision
    1 · 2026-10-30

    Cite as: Market Ontology, “Fed holds rates at 3.75% to 4.00% in 10-2 vote”, revision 1, evidence through 2026-10-29. https://marketontology.com/market-events/2026-10-29/fed-holds-rates-at-3-75-to-4-00-in-10-2-vote-1eb6f7

    POLICY
    Fed holds rates at 3.75% to 4.00% in 10-2 vote
    A held policy rate keeps front-end SOFR pricing anchored and leaves the 2Y Treasury yield sensitive to any shift in next-meeting cut or hike odds.
    SOFRSMHMSFT
    Impact
    87
    YESTERDAY
    SIG
    90%
    SOFRSMHMSFT
    Fed holds rates at 3.75% to 4.00% in 10-2 vote
    A held policy rate keeps front-end SOFR pricing anchored and leaves the 2Y Treasury yield sensitive to any shift in next-meeting cut or hike odds.
    → A held policy rate keeps front-end SOFR pricing anchored and leaves the 2Y Treasury yield sensitive to any shift in next-meeting cut or hike odds.
    Impact
    A held policy rate keeps front-end SOFR pricing anchored and leaves the 2Y Treasury yield sensitive to any shift in next-meeting cut or hike odds.
    Affected
    SOFRSMHMSFT
    Transmission
    A held policy rate keeps front-end SOFR pricing anchored and leaves the 2Y Treasury yield sensitive to any shift in next-meeting cut or hike odds.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    SOFRfront-end rate repricing around a held policy rateMixedintradayFed held rates steady at 3.75% to 4.00% in a 10-2 vote.
    SMHlower discount-rate pressure on semiconductor multiples after a holdUp1-5dThe feed says AI and semiconductor stocks responded positively to the decision.
    MSFTlower discount-rate pressure on cloud and software cash flowsUp1-5dThe Fed held rates steady and MSFT is a long-duration large-cap growth name.

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    What happened next

    AssetCallBase close+1 day+5 days+20 days
    SMHUp567.67 2026-10-28PendingPendingPending
    MSFTUp531.01 2026-10-28PendingPendingPending

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

    No verifiable public source recorded for this card.

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